Let me answer that for you if I may since, that is right up my alley being a trader who is a buyer of call and put
options. I can buy the shares at $29.08 and sell it for $30.50 to the put seller if I wish. However, it is much
simpler and easier to just sell the options back at the higher price and to close out the trade. The effect is the same, that is to close out your open position on the said option.
At the close of today's market there were 2110 PUT options outstanding with a strike price of 30.50
If my understanding is correct the holders had the right but not the obligation to sell shares to the put writer for 30.50 but they didn't. What and why would they not exercise the option contract if the current stock price is 29.08
ariel, Its just that I have always reviewed trading throughout the day and only recently have I noticed block trades designated as option trades. Many of them in fact. What caught my eye was the first one I noticed, it was for 400,000 shares. I have posted a few from teh last couple days but there have been plenty all week long.
I sort of concluded that players who are short 35MM shares are finding it difficult to get shares to cover without driving the price much higher so they've altered the strategy to grab calls whenever possible and exercise them avoiding the spike up in price for trades like 400,000. It could be short players or it could be someone with an interest in acquiring a large position without spiking the price, or someone who has visions of acquiring the firm and wants to accumulate a large position without running the price up.
We'll have to wait to see. But the level of activity using options to acquire shares clearly has soared recently compared to earlier. I post this as a heads up to that change in activity for retail guys to ponder and incorporate into their own strategy.
Be careful when you sell those covered calls that someone doesn't gobble them up and exercise against the option
Denny, most options traders do not use options to buy stock. Very few options are really exercised. They majority are used as hedges, such as I do when a quarter is being announced to protect on me from a large downside loss, or in option stratagies such as spreads. 3D is ideal for spreads as it allows an options trader to take advantage of the volatility up or down and make bets one way or the other and still be protected if it goes the wrong way. In fact, I would warrant a good 50% of options trading is spread trading. Only people with insider info, lots of dough to gamble, or newbies like was once, gamble on a stock going up or down buying options without any protection.
So don't look at options action per se as an indicator. Don't get me wrong however, if you see someone buying a ton of call options that can mean someone in the know knows something. or maybe he just got bored going to the track.
Will be big for DDD and other 3D stocks as soon as people start putting the to together. I see a big opportunity for some to create a library of 3D plans on the internet. People will use the new 3D Hololens to combine and extend the plans and then print them using their 3D printer. It'll probable take only a few months before one starts to see this coming together.
Sentiment: Strong Buy
Hindsight is always 100%. I am sure I also, got out of stocks and made a lot of mistakes when I started out and lost a lot of monies as well. I also, remember being in CSCO at $100 in 1999 or 2000 and now in 2015, 15 years later----CSCO is at $26? Of course, I did not hang in until now. Imagine 15 years later and you would have been out of 74% of your monies and waiting to just breakeven? How about NT? I knew someone who worked at NT then, had a lot of stock options too and NT ended up bankrupt. Lesson learned and the most important lesson of all is risk management. Take care of your losses and the profits will take care of themselves. JMHO
In 2004 I thought Netflix had a great business model so I bought at about $20 a share. A month or so later Blockbuster announced they were getting into the online dvd rental business and it tanked down to about $10. I panicked and sold for about a 50% loss. Today nflx is $443 a share. Just a little food for thought when considering DDD's future. It was the exact same concern, too much competition.
Geeze you cannot even get the ER day right. You have such a need to be relevant and to post, yet you can't get anytning right. Not the articles you feel the need to bore us with nor the info you feel the need to dispense. Per their website, er is 2/5, not 2/7. And the Jeffries PT is not in dollars unless you have other sources of info than I have. The Jeffries translation that I see stated 250 in Swedish currency. And the Fed already met.
If you have such a need to seek attention, at least please post correct info. Geeze
Rather than complain about the stock, you can do a lot to help yourself. I would suggest you study up on risk
management. It will: 1) cut your losses, 2) preserve most of your capital and 3) reduce your stress levels. If you are in the stockmarket to invest or trade----you will suffer losses. Everyone does. And here is one big tip you can immediately use. Buy strength (strong stocks) and Sell weakness (weak stocks).
Do you like Vjet based upon that criteria? And what names would you consider the next apple; goog; bidu; nflx?